Registering an Out of State Ferrari in New Jersey | FerrariChat
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Registering an Out of State Ferrari in New Jersey

Discussion in 'Ferrari Discussion (not model specific)' started by Gianni, Jul 3, 2025 at 1:34 PM.

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  1. Gianni

    Gianni Rookie

    Nov 21, 2013
    10
    NJ
    #1 Gianni, Jul 3, 2025 at 1:34 PM
    Hello All,

    I just recently bought my first Ferrari; a 2017 Cali T with 10K miles. I bought the car as CPO from Ferrari in Long Island and it was delivered to me in New Jersey. I will be going to the DMV next week to register. Any guidance for a newbie owner registering a car like this? What $$$ should I use? I recently bought a car off my dad for one of my kids and when I registered the vehicle I told them I only paid $100. Which was true even though the car was probably worth $5K. They did not even question it.

    Any guidance?
     
  2. Jack-the-lad

    Jack-the-lad Seven Time F1 World Champ
    Owner Silver Subscribed

    Jun 22, 2004
    77,853
    Danger Close at Moot Pointe, Gulf of America
    #2 Jack-the-lad, Jul 3, 2025 at 1:55 PM
    Isn’t the price on the title and bill of sale? Where I am (Florida) you have to show evidence of the purchase price. I’d never risk falsifying the price to save a few dollars of sales tax. It’s a felony here.
     
    JAM1 and LARRYH like this.
  3. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    2,386
    Tampa, Fl
    #3 mkraft3003, Jul 3, 2025 at 2:19 PM
    So your on a public forum asking advice on how to commit tax fraud? May want to ask the kids to edit your post.
     
  4. Gianni

    Gianni Rookie

    Nov 21, 2013
    10
    NJ
    #4 Gianni, Jul 3, 2025 at 2:32 PM
    good point and I am a boy scout. Just found it odd as that NJ does not actually require a bill of sale. Also, and actually more importantly, I assume the CPO fee is excluded from the vehicle cost right?
     
  5. mkraft3003

    mkraft3003 Formula 3
    Silver Subscribed

    Aug 20, 2016
    2,386
    Tampa, Fl
    #5 mkraft3003, Jul 4, 2025 at 5:08 AM
    Fixed my typos
     
  6. dm_n_stuff

    dm_n_stuff Four Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2003
    43,698
    26.806311,-81.755805
    Full Name:
    Dave M.
    #6 dm_n_stuff, Jul 4, 2025 at 8:01 AM
    Did you pay sales tax in NY on the CPO fee?

    If not, then it's subject to sales/use tax in your home state, separate issue from the sales tax on the car, but still due.

    D
     
  7. Nospinzone

    Nospinzone F1 Veteran

    Jul 1, 2013
    7,775
    Weston, MA
    Full Name:
    Paul
    #7 Nospinzone, Jul 4, 2025 at 11:28 AM
    I'm surprised the State lets you put any value on the car. In Taxachusetts they use the NADA value if you paid less than market (unless its a salvage title).

    What happens if you crash the car and the insurance company says well you only valued it at $100 so that's all we'll pay?
     
  8. LARRYH

    LARRYH F1 Veteran
    Owner Rossa Subscribed

    Jun 3, 2011
    9,632
    virginia usa
    #8 LARRYH, Jul 4, 2025 at 3:30 PM
    Just tell them What you paid for the car and pay the tax and go from there..assuming you did not pay sales tax in the state you bought it in which case you would show them the bill of sale and they should credit any taxes paid to another state..
     
    Jack-the-lad likes this.
  9. Phelips

    Phelips Rookie

    May 30, 2025
    33
    Full Name:
    Russel Phelips Brown
    #9 Phelips, Jul 7, 2025 at 8:50 AM
    Congrats on the Cali T. DMV will likely go by the sale price on the title or bill of sale some states check values against market data. If they ask, be honest, but if they don’t, no need to overpay taxes. Just don’t lowball too hard or they might flag it. Enjoy the Ferrari.
     

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